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20121202
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? >> reporter: tax watchdogs say it was never meant for desktops when it began years ago to compensate fire agencies. when we return, how keeping something too close to your heart can kill you? look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. reliability and ways to connect. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. . >>> breast
the average middle-class family would have to pay about $2,000 a year more in taxes. house speaker john bain of lands the stalemate on the obama administration. he says they are not taking republicans seriously and plans to close loopholes and lit it deductions without raising taxes. >> i realize of the president may not agree but if there is another way to get revenue from upper income americans that doesn't ruin our economy why don't we consider it? >> we won them to tell the american why they won't do it. >> the democratic controlled senate has are the agreed to extend the bush tax cuts for incomes under $250,000 but let the other tax cut expire. it is predicted their rugby at least a short-term deal released before the end of the year. >> of when it comes to a president's second inauguration at the crowd tends to be smaller. that will be the case again this january. the cross the present obama as inauguration on january 21st will be close to 800,000. that is the estimate right now. that is down quite a bit from the 1.8 million people crowded the national mall and 2008. >> i think that is
to the historic building over the next 10 years for a tax break. >>> supervisors will occur plans to chose four more fire stations. the chief says it is necessary after a failure of a partial tax hike to fund the district. they are looking at closing four to save $3 million. san jose's police chief says he will decide, before he leaves office next month, to allow expanded gaming at the casino card club. the owners want to open more tables on the 8th floor. the 15 million facility. the owners are suing the city for holding up permits to open up the club earlier this year. >> the the supreme court could announce tomorrow if it will hear appeals on several cases involved same sex marriage. one is an appeal from the defenders of proposition 8. the initiative banning gay marriage that has been struck down in lower courts. in the invests decide to let the rulings of the lower court stand same sex marriage will be legal in california. >>> five challenges to the defense -- five challenges of the defensive marriage act are being challenged. >>> no sign of a compromise on the taxes. the treasure secreta
, the temporary seven- year parcel tax would have provided enough funds to keep the four dations -- the four stations open. >>> the oakland raiders are expressing their condolences to dennis allen who lost his father last night. grady allen passed away due to cardiac arrest. according to a statement from the raid, dennis allen traveled to the dales fort worth area to be by his father's said white after -- right after the game on saturday. he does plan to play in the game on thursday against denver. >>> we're still on stormwatch as more wet weather moves into the area. in the meantime, the cleanup continues from the weekend storm. a free that well on reed avenue is scheduled for removal today. as you can see it was still laying on sop of -- on top of several vehicles this morning. no one was hurt. caltran crews are cleaning up a small mudslide that shut down the connector. the ramp is closed is the one from eastbound interstate 80 to highway 29. crews say the connector will be closed until about 3:00 this afternoon and that detour signs are posted. >>> good afternoon to you. our dry weather i
. debora villone shows us how millions and millions of our tax dollars are being handed out. >> reporter: you get arduous pay? >> no. i believe it's just management. >> reporter: we asked state workers willardous pay. >> you are doing maybe something hazardous or above -- beyond the hours you are supposed to work. >> reporter: brings to mind a bomb squad, extra pay for the risks. or a hazardous materials team, called to emergencies. but why would administrators at state unemployment headquarters reap more than a million dollars in arduous pay? >> there are times when you have emergencies, where i think you can make the case it's warranted. >> reporter: edd says the emergency was the recession. pushing top staff to put in long, arduous hours, processing a mountain of unemployment claims. is what why managers get paid more, because they work more? >> i don't know what the rules are regarding -- there are different categories. >> they are basically creating their own emergencies by creating a fiscal crisis and then to handle that crisis, they are benefiting from it. >> reporter: critic
on taxes for americans. >> he remains optimistic despite harsh words. >> with the clock ticking in washington and the fiscal cliff looming, he says the white house will only agree to a plan that including higher tax rates. >> if they are going me -- to force higher rates on all americans because their tax rates go up on 2% of americans, that's a choice we'll have to make. >> one1.6 trillion in tax revenue, cuts to medicare. he insists the bush era tax cuts must expire. >> what we did is put forward a very comprehensive, mix of savings and tax reforms that help us put us back on a path to stabilizing our death and living within our means. >> rebel cans did not welcome -- republicans did not welcome the proposal. >> i think it's essentially a rerun of his revenue proposals. they are 1.6 trillion in revenues and tax increases. >> and they're expressing frustration with the lack of progress. >> i would say we're nowhere. he's pointing out the administration did offer six hundred billion in cuts to healthcare. he remains optimistic a deal will be made. i'm elizabeth reporting. >> the
spending cuts and tax increases known as the fiscal cliff. >> tonight we're no closer to a deal. mark matthews is here now with latest for us. >> it's been 16 days since president and leaders met to talk about avoiding ts fiscal cliff n that time, nothing much moved. now, we've got three weeks in change, and the failure will be felt by everyone. in san francisco's cafe, the owner has been watching the fiscal cliff creep closer hoping for a resolution. >> if they don't, it's going to be tough. >> he's talking about employ qleez can see income taxes increase by a couple thousand dollars. >> cost of living is really high. and tough to make especially in the city like san francisco. >> if congress ask the president can't reach an agreement, income taxes will go up on nearly all americans average family paying extra $2000 to $2400 a year, spending cuts mean cuts to education, transportation, research and development. there is a proposal to up airline fee that's could raise $1 billion cutting back on those who receive food stamps could bring in another $4 billion to $16 billion eliminating
is way too vague. the president won't sign anything that doesn't increase taxes for the wealthy. the gop counter offer calls for raising 800 billion in revenue without raising tax rates. >> if washington can't reach a deal cbs reporter jim axle rod says your paycheck is going to feel it. >> the payroll tax cut has given this family an extra $70 a month to spend. >> are you paying attention to what's going on in washington right now. >> of course we are. >> their 50,000-dollar a year income puts them in the middle of american households if the payroll tax cut is not extended those families would pay an average of $1,035 a year more in social security taxes. >> do you have room to cut back. >> no, sir i don't. i guess if i do some type of magic like we do every month. >> if the tax cut expires paycheck contributions will go from 4.2 percent to 6.2 percent. $115billion a year that will go to deficit reduction instead of being pumped into the economy. those in favor of allowing the tax cut to expire argue money for social security payments has to come from somewhere. although he says that so
are talking about the consequences of taxes going up on the middle class. outside groups are turning up the pressure for congress and the president to reach of a deal. cbs reporter danielle nottingham reports from washington. >> representative maloney -- >> reporter: lawmakers are getting an earful about why they need to avoid the so- called "fiscal cliff." >> you got it nail this down. uncertainly is killing us. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending consults on the middle class. >> creating jobs -- >> reporter: president obama and house speaker john boehner spoke on the phone wednesday but publicly are holding firm on their positions. the white house has made clear the country could go over the cliff if republicans refuse to raise taxes on the top 2% of american earners. >> to do that to 98% of the american people, because of an insistence that the wealthiest americans get a tax cut would be profoundly wrong. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks but bu
out there. how to do that, it remains to be seen. but then that will require some other tax. that would be my big request like everybody else. get america's finances under control and that will take both parties. it will take taxes and it will take reduction in commitments that have been made. it now can be validated. let's get this but do it in a way that exacerbates the uncertain economy. the second -- we have to happen through innovation. whether it is the space program or tax credits for renewable energy. all that is important. we have to keep that going. that will get hard because we will face is demographics. that is my 74th birthday on april 7. i am aware of the and aging population which i have become and we are an aging population relative to what we were. luckily, we have millions of fresh arrivals that are younger and are energetic and they come from all over the world. we have to make sure our education system lifts them to their highest aspirations. when the society ages, it tends to -- it declines. that is the big demographic imperative. i was reviewing one of
about the possibility of taxes going up because there aren't enough in sacramento to block it. lawmakers ushered in the new era today at the capitol after the election and as we report, democrat contract now hold essentially all the power. >> please wrist your right hand and repeat after me. >>reporter: new session begins with a dramatically reshaped legislature with democrat contract holding super majority powers in both houses. giving them the authority to raise taxes without republicans and override gubernatorial veto. still newly upon atheed assembly speaker vows to listen to the g.o.p. >> find the rate solution for the challenges facing our state is not the task of one party or one house. >>reporter: already though democrat contract have introduced a constitutional amend tomorrow make changes to proposition 13. the landmark initiative that limits how property taxes are assessed and requiresthirds vote for any new taxes. state senator proposal asked voters to allow logical communities to raise taxes for schools with 55 percent of the voychlt allowing a third of the state to or l
middle school campus in fair tax. >> keira clapper has a look at the flood damage. >> three big storms filled this culvert behind the zoom, causing flooding over the weekend. >> we have four classrooms have been fairly filled with debris and mud. we'll need our library. >> now, administrators face having to tear out floors and possibly, wall autos we anticipate flooring will be replaced depending on what the damage is if it's going up the wall. we may need to remove furniture attached to the wall z do some additional work. >> classes were cancel forward 6th through 8th grade students. >> we spent three hours our wheel team, managing what we can do. it's hard to close a school. it's never easy decision to make. >> the superintendent tell meez good news is that insurance will cover costs of fixing damage. if administrators have their way, school will be back in session tomorrow, with, or without usage of the four classrooms. >> with more rain expected this week, please stay with us for continuing storm watch coverage and don't forget you can track systems any time with live doppler 7 hd.
cliff. we have fewer tax increases than the president wants, allison? >> reporter: pam, house republicans say this is their attempt to counterwhat they call the la la land offer from president barack obama. republicans want 1.2 pill caron dollars in spending -- trillion dollars in spending cuts and that's almost twice as much as what the president has proposed. they are not raising tax rates on the wealthy which the president has demanded. they are also proposing 200 billion in savings for changes by potentially lowering the costs in increasing eligibility standards. that could be a major sticking point for congressional democrats but the president needs more details but he does not like what republicans are offering. look at how house democratic national convention democrats may try to force tax rates from wealthier americans, reporting live allison burns, ktvu channel 2 morning news. >>> they are trying to make homes livable, under the program the city of new york will send contractors at no charge to homeowners. 400 project have been completed -- projects have been complete
secretary made it clear there is no room for compromise. republicans must accept an increase in tax rates for upper- income americans. negotiations on a budget deal haven't gone very far and there are just 27 days before that so- called fiscal cliff. that's the package of tax increases for most americans and budget cuts that will hit automatically unless the white house and congress find a gentler way to solve the crisis in the federal budget. here's how treasury secretary tim geithner put it on cnbc. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again there is no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember, it's only 2%. >> pelley: by top 2%, he means individuals making more than $200,000 and couples taking in $250,000 or more. republicans say rates shouldn't be increased on anyone. with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $40,000 would see an increase in $1,200 a year. incomes of
automatic spending cuts before the end of the year. the other issue is taxes. congressional republicans want bush-era tax cuts extended for all americans. president obama says those tax cuts must expire for households making $250,000 or more. >> it's a position that is supported by a majority of the american people. and, you know, we need to see from republicans an acknowledgement of that. >> reporter: the gop proposal that the white house quickly rejected closes tax loopholes and reduces deductions to raise 800 billion-dollar in new revenue. the plan cuts $600 billion in healthcare entitlement programs. >> we are overspending and until you deal with that issue you cannot raise taxes enough to be able to keep one a trillion dollars of accelerate spending. >> reporter: republicans dismissed the president's plan late last week. but now that both sides have numbers on the table, some congressional watchers believe those outlines may eventually help them find common ground. in washington, danielle nottingham cbs 5. >>> are you ready for more rain? >> i don't know. >> well -- >> i guess we need
the fiscal cliff deadline. no progress was made in washington. the main sticking point are about tax cuts that are set to expire and the president's demand that the wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while you know you will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food pantry at the st. anthony foundation is in good shape today, but overall donations are down for the year. >> we are a little bit behind where we would like to be, where we are budgeted to be. >> the interim executive director says the charity is seeing interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we are seeing people who have never given us a stock donation before stepping up and making that ki
deposing wants to vote. - vote nancy pelosi . >> with a so-called fiscal cliff and higher taxes for all americans looming. >> right now i will say we are nowhere. >> the house speaker blamed the stalemate on the obama administration. he said they are not taking republicans seriously with plans to close loopholes and limited deductions without raising taxes. >> off the president may disagree but the fact is if there is a another way to get revenue from upper income americans that does not hurt our economy why would we not consider it. >> the president wants to in the bush era tax cuts for people making more than a quarter of a million dollars per year. the average middle-class public to pay about 2000 a year more in taxes. >> there is no reason why 98 percent of americans have to see their taxes go up because some members of congress on the republican side want to block tax rate increases for 2 percent of the most wealthy americans. >> nancy pelosi pushing for a house vote. >> we think it would be a wonderful christmas gift for the american people to receive a tax cut in january. >> we a
spending cuts but no tax rate increases. here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are specific with the ways we have dealt with it. >> they don't like what republicans want to do to social security and more on that during my next update. reporting live, allison burns, ktvu channel 2 morning news. >>> 5:14 in florida, they have released a photo of george zimmerman, showing george zimmerman with a swollen nose and blood did i face. they responded and said it adds nothing new to the case. the volunteer watch man is charged with second-degree murder and his trial is due to begin next june. >>> contra costa police officer was taken to the hospital after an
school funding tax increased last month. we'll have a live report on that just ahead. >> a certain type of aspirin >> a certain type of aspirin may not be as beneficial you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here, and you live way up here. brian, your cousin, he's a little bit older than you, he lives here, in chicago. and your aunt lisa lives here, in baltimore. uncle earnie? waaay out in hawaii. but don't you worry, we will always be together for christmas. [ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! >> with storms we've had since last week two, places have been hit hardest. north bay ask santa cruz mountains. let's check in now with the santa cruz mountains. >> right. though it did not rain hard all day, rain, wet weather is persistent. hills are of course, saturated. so we got a new problem here in the santa cruz mountains today, but first let's give you[ylh good news. take a look at the video. after hard work strin hill road is
- thirds of majority that allowed them to raise taxes if they choose without any republican support. >>> on capitol hill, there are just 29 days left for lawmakers to get together and find a way of avoiding the so-called "fiscal cliff." if a budget plan is not approved by year's end, automatic tax hikes and across- the-board spending cuts will take effect. but democrats and republicans seem to keep digging in their heels speaking on the sunday news talk shows. >> the president and the white house have had three weeks and this is the best we've got? >> what we can't do is try to figure out what works for them. they have to tell us. >> if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase. >> "fiscal cliff," are you tired of it? >> i know. we are tired of it. >>> 6:10 now. a trip goes terribly wrong. how a california magician ended up in the hospital. >> the coast guard loses one of its own. how a smuggling investigation off the coast of santa barbara turned deadly. >> and we have a major recall to tell you about
overnight calling for tax relief for working families. both sides remain far apart. without a deal, nearly every american will pay more income tax between $2,000 and $2400 for the average family. democrats want tax increases to kick in for the wealthy. republicans have drawn a line in the sand on raising tax rates. >>> in less than an hour the moraga teen denied an eagle scout award because he's gay will be honored by the california state assembly. by openly gay assembly speaker john perez. ryan spent 10 years working to earn his award but was denied. his mother started an online petition drive to try to quinn the organization to reverse their -- to convince the organization to reverse their decision. >>> now to the royal baby news that is creating a buzz worldwide. the future king of england and his beautiful bride are expecting a prince or princess. the royal palace made the announcement this morning after the duchess was admitted to a london hospital with a severe bout of morning sickness. news comes a year and a half after they tied the knot. the office says the child will be behind pr
congressional republicans. the president released this new campaign-style video overnight calling for tax relief for working families. both sides remain far apart. without a deal, nearly every american will pay more income tax between $2,000 and $2400 for the average family. democrats want tax increases to kick in for the wealthy. republicans have drawn a line in the sand on raising tax rates. >>> in less than an hour the moraga teen denied an eagle scout award because he's gay will be honored by the california state assembly. by openly gay assembly speaker john perez. ryan spent 10 years working to earn his award but was denied. his mother started an online petition drive to try to quinn the organization to reverse their -- to convince the organization to reverse their decision. >>> now to the royal baby news that is creating a buzz worldwide. the future king of england and his beautiful bride are expecting a prince or princess. the royal palace made the announcement this morning after the duchess was admitted to a london hospital with a severe bout of morning sickness. news comes a year and a
. if the court declines, gay and lesbian couples will have the right to marry. >>> saving $800 billion in tax reform and 900 billion in mandatory cuts. it does not increase tax rates on upper income americans which the white house insist must be included in any deal. >>> on wall street stocks opened higher but eventually lost ground. dow fell 59 points. the nasdaq dropped 8 points. >>> new figures show new car sales are up around the bay area and nationwide. the biggest spike is up with volkswagon up 35% and toyota up 17%. chrysler had the most robust sells, up 14%. an economist we spoke to said new car sales are an indicator of an economic recovery. >> the unemployment rate is declining slowly. it looks like the housing market nationally may have bottomed out. so, it's a recovery alex savage -- but fragile. >> sales last month were even better than the national number. >>> investigators are looking into a fire right near the zoo that caused an estimated $1 million worth of damage. this happened saturday afternoon. the building was once part of a massive swimming pool complex but has been va
on the possible impact of voter-approved prop 30. what the tax increases could do to the economy. >> we're going through a shift. >> it's called tv everywhere. later efforts by a bay area company to bring programs you want to lap top or tab blet. >> stay with us for that and raider days here on abc 7 begins in less than 20 minutes with a special pregame edition of abc 7 news at 6:30. >> then, we'll get going home with -- tomorrow with larry beil hosting a special pregame show at 4:00 p.m. >> raiders greats will gin us for that. at 5:00 coverage of the denver oakland gamelin begins live right here on abc 7. once the game ends, larry, lincoln and rod will return with after the game. >> then, it's abc programming. and a special edition of abc 7 >>> the ports of los angeles and long beach open again. stringing clerical workers reached an agreement last night with the port's 14 shipping lines ending a walk coy in lost trades. the clerk as agreed on a pact providing protection from joby& outsourcing and layoffs. the ports handle 44% of the shipping container traffic. >> economists say prop 30, tax hi
team are demanding that congress allow bush era tax cuts to expire. >> there is no responsible way we can govern this country with those low rates in place for future generations those rates have to go up. >> reporter: republicans have drawn a line in the sand on raising tax rates signaling they are open to raising revenue by reforming the tax code and limiting reductions for the wealthy. >> right now i would say we are nowhere. >> reporter: president obama asking for 1.6 trillion in new tax revenue over 10 years, boehner is offering half that. the president offering 600 billion dollars in cuts to medicare and other programs. the speaker says that is not enough. he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, january 1st, nearly every american will pay more income tax between $2,000 to $2400 for the average family, 2% cut in payroll taxes will disappear, 500 billion dollars in automatic spending cuts in effect, half at the pentagon the other half from educating, transportation, food safety and research. economists fear if washington can strike a
reductions but no tax increase. >> he will not sign an extension of the bush era tax cuts for the top 2%. >> folks worried about the fiscal cliff, are you like me? are you worried about it and have no idea what it is? >> according to state tv iran's revolutionary guard captured a u.s. drone after it entered the iriranian air space over the persian gulf. >> but u.s. navy official says there are no missing drones. >> prince william and his wife katherine, expecting their first child. >> after the duchess was admitted to hospital. >> that child could grow up to be one of the most powerful unemployed people in the world. >> a search is under way in new york for a man accused of pushing another man to his death in the subway. >>> rg3, he made opportunities. >> 17-16 washington redskins. >> all that -- >> why don't you shut up? >> you are an embarrassment. >> please shut up. just shut up. >> you shut up. >> that got annoying at the end. >>> and all that matters. >> let the speculation begin. will and katherine are expecting a baby. but what happens if they have twins
that day. >> if you hear a child saying this you have to investigate it. there are some tax cuts don't stop and do take their life. >> it seems like a culture of this. >> samantha and autumn hope they can make a difference by speaking out. >> we don't want other kids to feel the same way that we're feeling. >> now, the girls' parents say they allowed their daughters to go on camera because they thought it was important for them to speak out. police have told them the investigation will go to the district attorney next week. >> just breaks my heart. what about the boys and their family? >> we did look into that. we are told they are being raised by their dad and he is disabled. according to the police report which we have he says the school never informed him what the boys were targeting the girls and through the disdepartment, dana, he told us he does not want to comment. >> all right. >> we're going to stay on i. we have heard from one other parent in that district too, now. >> thank you for bringing this to light. >> you bet. >> they told me i would never walk again, i might not ever talk
point is still about tax cuts that are set to expire. also the president's demand that wealthy pay more. the uncertainty of what will happen is starting to have an impact on charities. abc7 news reporter tells us donations are down. >>> the food pantry at the saint anthony foundation in san francisco is in good shape but overall donations are down for the year >> we are a little behind where we would like to be or budgeted to be. >> the director said the charity has seen interesting trends this holiday season that may have to do with the impending fiscal cliff >> we are seeing people who have never given us a stock donation before stepping up and making that kind of gift to us. >> they could be concerned that the tax deductions for charitable giving would be cut next year, saving the government money. private wealth advisor said it can make sense to get more bang for your donation buck. that would help charities this year, but people may be less generous in years to come. >> people who would like to donate, some had this year and potentially some this year, may try to double up and dona
administration will refuse any fiscal cliff deep that does not include a tax hike on the richest americans. geithner remains optimistic despite harsh words from republicans. >> reporter: with the clock ticking in washington and the fiscal cliff moving closer every day, tim geithner said they will only approve a plan with tax rates. >> if they are going to force higher rates on virtually all americans, because they are unwilling to let tax rates go up on 2% of americans, then that's the choice they're going to have to make. >> reporter: geithner presented his plan to republicans, calling for $1.6 trillion in revenue and cuts in stimulus spending. he suggested the bush era tax cuts must expire for the wealthiest americans. >> we put forward a very comprehensive, carefully designed mix of savings and tax reforms to help us put us back on a path to stabilizing our debt and living within our means. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget proposal. the revenue proposals are $1.6 trillion in reve
finds californians are more optimistic about governor brown and prop 30. after passage of prop 30, tax hikes, the governor's job approval rating has hit 48% now. nearly half think the state is going in the right direction since prop 30 passed but 94% of those polled believe the state's fiscal future overall is still a problem. >>> tax hikes pushed by governor brown approved by voters this year could slow economic growth but not for the long term. that's from a new study out of ucla which shows prop 30 won't derail our state's recovery. the proposition boosts sales tax a quarter of a cent and retroactively raising income tax for the wealthy. >>> a number of state lawmakers apparently like the cars the state used to provide for them. a yearling, the perk of a free car was taken away from the legislators but at least 37 of them decided to buy those cars the state was selling. but first, they had them worked on and the state paid $78,000 for the repairs and maintenance. as a taxpayer it's frustrating. >> we are getting ripped off. it's not fair. we work really hard for our money? >> but a
on facebook to see if it's pag all o of their taxes. they have been making regular visit os the facebook offices to see if they're reporting the income. facebook says they come ply with italian law and pays taxes. >> wells fargo bank today gave hundreds of homeowners 20,$000 toward a down payment on a home. >> guys, wells fargo e has deals in some east bay cities, the plan is to take forsale signs and turn them into sold. >> they're teaming up with other people to lend a hand to help people who want to purchase a home in select communities we're seeing housing values start to sgliez they will support home buyers with a program that allows the people with down payment assistance. >> we're going to give them a $20,000 grant for 0 % rate and that is forgiven as long as they stay in that house for five years. >> there are certain neighborhoods that the house has to be in and there is an new mexico limit. income limit. >> i knew i couldn't afford that down payment so this helps me. >> if you're not able to jump on this, don't worry. >> some of that money will go back into the pot so
for-to-avoid the fiscal cliff and both sides are playing hard ball. issue taxes and revenues. bush era tax cuts expire the first of the year. democrats want tochl tend them to the middle class but not the wealthy. republicans appeared to signal their willing to discuss increasing revenues but not necessarily by taxing the rich. >> there are a lot of things possible to put this on the table. none of us are going to be impossible. the president insists on this position. insisting on my way in the highway. >> democratsç& responded saying it doesn't work without raising tax autos because republicans are holding the tax cuts as they have all along, hostage to tax cuts for the wealthy. >> economists say the uncertainty about gaining steam dead in its track autos a jobs report balances out phone shall of going over that fiscal cliff this, is adding2÷, 136,000 people added to payrolls and national unemployment rate fell to 7.7%. the dow chimed 81 points. nasdaq went the opposite direction because the stock has been in free fall lately. dropping another $14 a share today, cisco no longer con
was hiding out among the pakistan border. he. >> this morning the battle over taxes continues in the capitol. >> and if we are serious about protecting middle class families we will have to ask the wealthiest to pay higher rates. that's one principle i won't compromise on. >> he said he will work with the gop on spending cut itself they agree to higher taxes on the wealthly and a middle class tax cut. this is the 4th time that he has used the weekly address to push for a middle class tax cut. >> we must reform the tax code by getting rid of unjustified loopholes but the goal should be to generate new revenue by creating new taxpayers not new taxes. >> in the republican response they commented that race raising taxes among the rich won't solve the problem. only economic growth and reforming titlement programs can control the debt. >> charlie chris is now a democrat. he made the announcement on twitter. he posted a photograph where he was holding a florida voter registration application. the times reports that the former republican signed papers to change his party to democrat at a christ
prop 30, which raises taxes on people who earn more than $250,000 a year. it also increases the sales tax. well, the ucla and der son forecast says because of prop 30 -- anderson forecast says because of prop 30, unemployment will not improve as fast and personal income will be less than expected. but economists say california is still on track for economic growth and more jobs. >>> well, sheriffs in solano county want your help. they are trying to catch vandals who damaged a home known for its holiday displays. every year, bob and linda taylor transform their home in vallejo on glencove road into a christmas wonderland. but this year, someone ripped down some of their lights and dragged them in the streets and they were run over. the taylors say the lights can be fixed an santa claus will still come. >>> another example of a grinch on the loose. what happened at a local christmas tree lot run by boy scouts. >>> i'm gonna go ahead and announcement my retirement. >> katt williams calls it quits. the latest incident that prompted that announcement. ?f< did you get chips for the party? n
't seem to be apparently an issue for them. >> reporter: a potential change in capital gains taxes coming up, maybe that was the driving force for the sale this time. or not. the rich may be just like you and me. they just have enough money not to care about such things. mike sugerman, cbs 5. >>> well, for the rest of us, coming up in the next half hour, the "fiscal cliff." it's staring in the face of washington. with less than a month until the deadline, why president obama is spending time on twitter. >> the new evidence linking brain damage to repeated concussions. why a bay area doctor says it's still too early to ban tackle football for kids. >>> i'm delighted for them. i'm sure they will make absolutely brilliant parents. >> the royal couple is expecting. why kate though is in the hospital and will be for several days. ,,,,,, it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitti
yesterday. the main sticking point is still about tax cuts that are set to expire. also the president's demand that wealthy pay more. the uncertainty of what will happen is starting to have an impact on charities. donations of down. >>> the food pantry at the saint anthony foundation in san francisco is in good shape but overall donations are down for the year >> we are a little behind where we would like to be or budgeted to be. >> the director said the charity has seen interesting trends this holiday season that may have to do with the impending fiscal cliff >> we are seeing people who have never given us a stock donation before stepping up and making that kind of gift to us. >> they could be concerned that the tax deductions for charitable giving would be cut next year, saving the government money. private wealth advisor said it can make sense to get nor bang for your donation buck. that would help charities this year but people may be less generous in years to come. >> people who would like to donate, some had this year and potentially some this year, may try to double up and dona
, even with high taxes, will be cheaper than illegal marijuana. >> you want to put the drug dealers out of business? >> absolutely. >> now that marijuana is legal in washington, the state is going to start collecting taxes on it. the state hopes to collect some $500 million. marijuana continues to be illegal under federal law. >>> feeling the impact if the country goes over the cliff. republicans are sticking to their position that tax cuts should be extended for all americans. danielle nottingham reports for wjz from washington. >>> lawmakers are getting an earful about why they need to avoid the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes on the top 2% of american earners. >> for them to be burdened
. >>> still no signs of progress between republicans and democrats as the year-end deadline to avoid tax hikes and spending cuts inches closer. no face-to-face talks are scheduled at this time. but as danielle nottingham reports, president obama is continuing his push to sell to the american public. >> reporter: house members left the capitol in the middle of the fiscal fight. they're not due back until next week. but house speaker john boehner is staying behind, ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican propoise -- proposal because it does not raise taxes on households making more than $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> the revenues we're putting on the table are going to come from, guess who? the rich. >> reporter: republicans say if bush-era tax cuts are not extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make their point. >>
are digging in their heels. if they don't find compromise by the end of the year, taxes will go up for everyone. and massive spending cuts will automatically kick in. danielle nottingham has the latest on negotiations from capitol hill. >> reporter: house members left the capitol in the middle of the fiscal fight. they're not due back until next week. but house speaker john boehner is staying behind, ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making more than $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> now, the revenues were put in. going to come from, guess who? the rich. . >> reporter: health republicans say if bush era tax cuts aren't extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make their point. >> reporter: max olsen opened an insurance company this year and is concerne
warning letters to more than 900 ambulance patients saying a tax fraud ring may have had access to some of their personal information. a former employee that handles berkeley's billing accessed client informs reportedly to give it to a tax fraud ring. the information may include names, social security numbers and birth dates. 13 people have been arrested so far for their involvement in that ring. >>> 7:07. the good news, muni is back in service. >> that's right. full service. up right now, the hyde cable car was down. it was cleared just before 7:00. everyone back to normal in san francisco with your mass transit. >>> we're gonna take a look outside. we have backup extending all the way to the maze. also starting to see some backup on the east shore freeway. 280 at the 880 split, you can see slow going on 280 as you are headed northbound on santa clara. give yourself extra time there as well. back up to san francisco, let's take a look at the golden gate bridge. shot such a pretty shot -- such a pretty shot. 7:08. let's check in with steve. >>> tara, good morning. a few breaks in the cl
't pass a tax measure to fund fire-stations. and now -- the hammer is coming down.... which ones are be under consideration to shut down.... after the break. >> the holidays are approaching and gadgets are the best gifts... the hottest gadgets for the high tech person in your life. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. then switch to at&t u-verse tv. add the wireless receiver exclusively from at&t, and you're no longer tied to the tv outlet. move your tv wherever you want in your home...even outside. [ megan ] call now and switch to u-verse for just $29 a month for six months, with a total home dvr included, free for life. add hbo and cinemax and get the first three months free. plus you can bundle tv and u-verse high speed internet with speeds up to 24 megs. [ male announcer ] our total home dvr lets you record four shows a
will consider a makeover for the fox theatre. councilmembers are weighing a request from the owners for a tax break. in exchange, the owners will make a number of improvements to the historic building over the next 10 years. >>> a coast guard investigation into suspected smuggling near the channel islands off the santa barbara county coast has turned tragic. a small boat deployed by the coast guard was rammed by a smuggler's vessel before dawn yesterday. the collision threw two coast guard members into the water. one of them was killed and another was injured in that incident. >>> l.a. police say four people were found shot to death outside a large home in suburban northridge. the dead were two women in their 20s a man in his 30s and another man in his 40s. the incident happened early yesterday morning. the home apparently served as an unlicensed boardinghouse. detectives are now looking into a motive. >>> a second chance for same- sex marriage could happen in just a few hours when the u.s. supreme court will announce more cases it plans to take up. the high court did not include same-sex mar
-thirds majority in the election last month call for a parcel tax to fund fire services. >>> capitol hill lawmakers now have just four weeks to agree on a budget solution and judging from the rhetoric on both sides, they are getting nowhere. here's susan mcginnis with more on today's scheduled talks and the latest proposal from republicans. >>> reporter: governors from six states are headed here to washington today to tell president obama their thoughts on the "fiscal cliff." the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one is going to get what they want. but we have to compromise. if everything is going to be on the table, how do we negotiate? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say their plan would cut $2 .2 trillion from the federal deficit over 10 years. but $600 billion in healthcare cuts, $300 billion in cuts to mandatory spending, and another $300 billion in cuts to other federal spending. the biggest difference betw
the district burned through its cash reserves because of a loss of property taxes in that failed tax measure on the november ballot. the county's top fire officials say they will have to do even more now with less. >> we should have roughly 600 firefighters on our staff. currently we have roughly 250. so we're only at about 44%. so any further degrading or reduction of our service just puts us further behind the power curve. >> contra costa fire district serving some 600,000 people over 300 square miles. more stations could close this summer, as well. >>> in other headlines around the bay, a proposal to buy a drone from the alameda county sheriff's office was sent to the public protection committee for further study. it's expected to hold a public hearing on the issue sometime in january. if approved, it will go back to the board of supervisors for final approval. >>> san francisco police hauled a load of marijuana and pot growing equipment out of the house that burned in the haight- ashbury neighborhood. it took firefighters an hour to put the fire out on page street. several residents were
. the main sticking point are about tax cuts that are set to expire and the president's demand that the wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while youwill get au will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food pantry at the st. anthony foundation is in good shape today, but overall donations are down for the year. >> we are a little bit behind where we would like to be, where we are budgeted to be. >> the interim executive director says the charity is seeing interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we are seeing people who have never given us a stock donation before stepping up and making that kind of gift to us. >> they could be concerned tha
and cut spending. on january 1st, as many of you know, taxes go up and doeep spending cuts take effect. the sunday talk shows reflect how far apart they are what we will not do is extend those tax cut force the wealthiest americans. there's no possibility that we will find a way to get our fiscal house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making a concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> speaker boehner added he is flabbergasted by the administration's proposals while secretary geithner said he believes a deal can be reached by the end of the year. >>> we could find out this morning if the supreme court will take up the issue of same-sex marriage. at 9:30 eastern, the court releases its orders list. there's a possibility justices will hear cases that challenge the federal defense of marriage act or california's proposition 8, which defines marriage as strictly between a man and
to force higher rates on virtually all americans because they are not allowing tax rates to go up rob 2% of americans that is something we will have to face. >>> attorneys for oscar grant's family -- grant was shot and killed by police officer johannes mehserle on new years day back in 2009 in two oakland civil rights attorneys will argue before the ninth circuit court of appeals in san francisco that bart police officers should not receive legal immunity. last year a federal judge ruled to let the suit go forward but the officers appealed that ruling to the ninth circuit court. >>> this is day seven of a strike by clerical workers. contract talks between the workers and shippers at the ports of los angeles and long beach have resumed. the walk out by the clerk has dramatically slowed activity at the ports. dock workers are refusing to cross the picket lines. >>> oak 4:36 now. much quieter than what it was last week. let's go to tara with a first look at our traffic. >> hopefully it stays that way. we have nothing major to report. we do have flooding down in san jose area. the chp hasn'
together. we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here from oakland cut -- oakland, i saw those cars in the ordinary lanes. one person per car. you have this one person with all this steel and plastic and oil. it is ridiculous. we're figuring out ways to do that. whether it is high speed rail or electric cars. the first will be rolling off the factory in treatments in the next few months -- in three months and in the next few months. yes, the innovative companies are small. the electric cars -- the tanks are small but so is fairchild or in tal or hewlett-packard -- intel or hewlett-packard or steve jobs. the seats we plant brin
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